{"id":26760,"date":"2019-08-29T13:21:51","date_gmt":"2019-08-29T20:21:51","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=26760"},"modified":"2021-01-04T10:38:58","modified_gmt":"2021-01-04T17:38:58","slug":"wall-streets-highway-robbery-the-ultimate-gld-slv-scam-by-lynette-zang","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/wall-streets-highway-robbery-the-ultimate-gld-slv-scam-by-lynette-zang\/","title":{"rendered":"WALL STREET’S HIGHWAY ROBBERY: The Ultimate GLD & SLV Scam… By Lynette Zang"},"content":{"rendered":"\n

As central banks and market forces push yields into\nunchartered waters and pull the stock markets down with them, wall street touts\ngold and silver. They don\u00e2\u20ac\u2122t want you to buy physical metals because that would\nremove wealth from their system, rather they want you to remain in fiat money\nproducts, like GLD and SLV, gold and silver ETFs.<\/p>\n\n\n\n

Most people who buy these ETFs, perceive they own gold and\nsilver, but they are merely beneficial owners of a wall street product designed\nto mimic the price moves of spot gold. Hidden in the prospectus contract, is\nthe fact that the \u00e2\u20ac\u0153amount of gold represented by the Shares will continue to be\nreduced during the life of the Trust due to the sales of gold necessary to pay\nthe Trust\u00e2\u20ac\u2122s expenses\u00e2\u20ac\u009d, in other words, the amount of physical gold held for GLD\nand the amount of physical silver held for SLV will decline until, ultimately,\nno physical gold or silver will remain in the trust.<\/p>\n\n\n\n

Additionally, the Shares are only issued in \u00e2\u20ac\u0153book\u00e2\u20ac\u009d form held\nby DTC, which means that you, as the investor, pay all fees, but can never be\nthe legal registered owner, merely the beneficial owner. Regardless of\nperception, as an investor you have no ability to convert your shares into physical\nmetals. Only \u00e2\u20ac\u0153authorized participants\u00e2\u20ac\u009d can take physical possession. Who might\nthat be? Broker dealers like Fidelity or a commercial bank, like JP Morgan\nChase. Of there are other brokerage houses and \/ or banks, but both of these\nexamples have metal storage facilities. So, the investor in GLD and SLV would\npay fees to them yet have no direct ownership or access. <\/p>\n\n\n\n

There is an old adage that possession is 9\/10th<\/sup>\nof the law, I would add that if you don\u00e2\u20ac\u2122t hold it, you don\u00e2\u20ac\u2122t own it. But even\nmore can happen in the intangible world of Wall Street.<\/p>\n\n\n\n

ANOTHER JP Morgan Chase precious metals trader just pleaded\nguilty to manipulating the gold and silver markets from 2007 through 2016. Further,\nhe said, on the record, that he learned the manipulation technique from more\nsenior traders who had the consent of Chase supervisors. What I found\nparticularly interesting, is that this person was employed by Chase until\nSeptember 17, 2019 as an executive director. Now, however, he is cooperating\nwith the Justice Department in their ongoing investigation into big bank\nmanipulation of the precious metals.<\/p>\n\n\n\n

The 2008 market meltdown is a good example of what happens\nbetween wall street\u00e2\u20ac\u2122s intangible gold and the physical only collectible gold\ncoins. What happened?<\/p>\n\n\n\n

When liquidity froze, wall street products dropped but the\nphysical only, collectible gold coins made their this trend high. Why? Because\nwall street can and does create unlimited product with a computer key stroke,\nbut anything physical has a finite amount. Therefore, it is the physical only\nmarkets that reflect true supply and demand dynamics. And that\u00e2\u20ac\u2122s our\nopportunity today.<\/p>\n\n\n\n

As central banks opened the QE money printing spigot, those intangible wall street markets have been inflated to severe overvalued levels as demand for real money declined. But that may now unwind in the reverse as the flight to safety picks up as bond markets scream risk on. Do you think an intangible contract will protect you?<\/p>\n\n\n\n\n

Slides and Links:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"
https:\/\/www.spdrgoldshares.com\/media\/GLD\/file\/SPDRGoldTrustProspectus2012.pdf<\/a> <\/figcaption><\/figure>\n\n\n\n
\"\"
https:\/\/stockcharts.com\/freecharts\/perf.php?$silver,slv<\/a> <\/figcaption><\/figure>\n\n\n\n
\"\"
https:\/\/www.cnbc.com\/2019\/08\/20\/another-ex-jp-morgan-precious-metals-trader-pleads-guilty-to-spoofing.html?recirc=taboolainternal<\/a> <\/figcaption><\/figure>\n\n\n\n
\"\"
https:\/\/stockcharts.com\/h-sc\/ui?s=$GOLD
https:\/\/fred.stlouisfed.org\/series\/IBLACBW027NBOG <\/figcaption><\/figure>\n\n\n\n

YouTube Short Description:<\/p>\n\n\n\n

As central banks and market forces push yields into\nunchartered waters and pull the stock markets down with them, wall street touts\ngold and silver. They don\u00e2\u20ac\u2122t want you to buy physical metals because that would\nremove wealth from their system, rather they want you to remain in fiat money products,\nlike GLD and SLV, gold and silver ETFs.<\/p>\n\n\n\n

Do you think an intangible contract will protect you? <\/p>\n","protected":false},"excerpt":{"rendered":"

As central banks and market forces push yields into unchartered waters and pull the stock markets down with them, wall street […]<\/p>\n","protected":false},"author":6,"featured_media":26768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1712],"tags":[31,1602],"class_list":["post-26760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-trading-report","tag-bonds","tag-china-bonds"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/26760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=26760"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/26760\/revisions"}],"predecessor-version":[{"id":29477,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/26760\/revisions\/29477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/26768"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=26760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=26760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=26760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}